- Home
- /Investec Unit Trusts
- /Investec Opportunity Income Fund
Investec Opportunity Income Fund
Investment objective
The Investec Opportunity Income Fund aims to grow income and capital. The fund targets returns in excess of the All Bond Index, measured over three year periods.
Strategy
The fund may invest across the full spectrum of South African fixed-income assets. These include government, corporate and inflation-linked bonds as well as listed property and cash.
Fund features
- The focus is on reducing volatility of returns and preserving capital through active asset management
- Aims to outperform the average bond, income and money market funds over the medium to long term
- The fund may have the characteristics of a gilt fund, a pure income fund or anywhere in between, depending on the interest rate cycle
- Ideal vehicle for living annuity clients
- Compliant with Regulation 28 of the Pension Funds Act, therefore suitable for retirement funds
Key Facts
Portfolio manager: Malcolm Charles & John Stopford
Launch date: 3 July 2000
Sector: Domestic FI Varied Specialist
Size of fund: R3.0 billion
Benchmark: All Bond Index (ALBI)
Target Return: All Bond Index (ALBI) 1-3 years
Minimum investment: R10 000 lump sum or R500 monthly debit order
Fees
| A Class | B Class | |
| Initial fund fee | 0% | 0% |
| Initial advisor fee | 0.60% | 0% |
| Annual management fee | 1.00% | 1.00% |
Fees are shown excluding VAT
Total expense ratio (TER)*
The TERs for this fund are listed below. TERs shown are including VAT.
| A Class | B Class | |
| TER | 1.14% | 1.12% |
Income distribution dates
March, June, September, December
Previous income distribution for 3 months to 30 September 2009
A Class: Interest distribution 2.54 cpu
B Class: Interest distribution 2.53 cpu